On Tuesday, embattled Uncle Nearest cofounder Fawn Weaver fired up Instagram to once again comment on the flailing Tennessee liquor firm’s ongoing federal receivership to her 305,000 followers. Er, make that not-ongoing. “As of moments ago, the receivership of Uncle Nearest is done,” said the self-avowed #PeoplesCEO. Next up: Chapter 11 bankruptcy. Maybe? It’s complicated.
“Some evil bastard is going to turn this into a bar exam question at some point,” joked Kevin McGee, a longtime beverage-alcohol attorney who’s been closely following the case, in a phone interview Tuesday evening. The situation has only gotten messier since.
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